In transport contracts, a service provider (e.g., forwarder, warehouse operator) often seeks to reduce liability risk without compromising the counterparty's protection—this is where the indemnity clause with security provision comes in.
Source: https://www.law.cornell.edu/wex/indemnity
Tools that match this term
Weekly: Top news, industry facts and insights from the world of logistics – free.
Content reviewed and editorially cleared.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.